Mercia Technologies PLC, a Midlands based leader in the funding and commercialisation of technology businesses in the UK, is pleased to announce that Martin Lamb has been appointed as a non-executive director with effect from 13 January 2015.
Martin James Lamb (55) retired from IMI plc (“IMI”) at the end of 2013 after 33 years with the company, the last 13 as Chief Executive. He oversaw a fundamental reshaping of IMI, moving it from a largely European-based conglomerate with a heavy building materials content, to a highly differentiated and global engineering group focused on the precise control of fluids and gases in critical applications. As a result, IMI sold and acquired over 30 companies and more than doubled its operating margins.
Based in the Midlands, Martin holds a degree in Mechanical Engineering from Imperial College London and has an MBA from Cranfield Business School. He is a non-executive director of Severn Trent plc and Rotork plc. In addition, he is Chairman of privately owned Evoqua Water Technologies LLC and a member of the European Advisory Board of AEA Investors (UK) Limited.
Martin joins the Audit Committee.
He currently holds 100,000 shares in Mercia.
There are no further details to be disclosed under Rule 17 and Schedule 2 paragraph (g) of the AIM Rules.
Ray Chamberlain, Chairman of Mercia Technologies PLC, said:
“We are delighted to welcome Martin as a fellow industrialist. His record speaks for itself and his deep understanding of advanced engineering and UK innovation in general will be invaluable across the Group.
“As one of the Midland’s leading industrialists of his generation, Martin shares our drive for generating shareholder value through the creation, funding, support and rapid commercialisation of technology businesses with an emphasis in the Midlands and the North of the UK.”